Finance Bill 2024 Second Reading Approval: Finance Bill 2024 Passes: Ayes 204, Nayes 115, Abstentions Nil

1. Finance Bill 2024 second reading
2. Moses Wetangula division results
3. Finance Bill voting outcome

The Finance Bill has successfully passed its second reading with a vote of 204 ayes, 115 nays, and no abstentions. This significant development was announced by Moses Wetangula, marking a crucial step forward in Kenya’s financial legislation for 2024. The positive outcome signifies broad support for the bill, indicating a potential positive impact on the country’s economy. Stay tuned for more updates on this important milestone in Kenya’s financial landscape. Follow Citizen TV Kenya for the latest news and analysis on this groundbreaking development. #FinanceBill #KenyaEconomy #CitizenTVKenya

BREAKING: Finance Bill sails through second reading

Moses Wetangula: The results of the division on 2nd reading of the Finance Bill 2024 are as follows:

Ayes – 204

Nayes – 115

Abstentions – Nil

The Ayes have it! pic.twitter.com/74IDaHQ8y2

— Citizen TV Kenya (@citizentvkenya) June 20, 2024

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In a significant development, the Finance Bill 2024 has successfully passed its second reading with an overwhelming majority. The results of the division on the 2nd reading of the Finance Bill 2024, as announced by Moses Wetangula, are as follows:

Ayes – 204

Nayes – 115

Abstentions – Nil

With a resounding victory of 204 ayes to 115 nayes, the Finance Bill 2024 has cleared a crucial hurdle in its legislative journey. This milestone achievement signals a positive step forward for the economic landscape of the country.

The Finance Bill is a critical piece of legislation that outlines the government’s revenue and expenditure plans for the upcoming fiscal year. It plays a vital role in shaping the country’s economic policies and priorities, impacting various sectors and stakeholders.

The overwhelming support for the Finance Bill reflects a broad consensus among lawmakers on the need for fiscal stability and sustainable economic growth. The bill’s passage is a testament to the government’s commitment to prudent financial management and sound economic policies.

The Finance Bill 2024 aims to address key fiscal challenges facing the country, including revenue generation, public expenditure, and debt management. It incorporates measures to enhance tax compliance, promote investment, and support economic recovery and growth.

One of the key highlights of the Finance Bill 2024 is its focus on enhancing revenue mobilization through tax reforms and measures to curb tax evasion and avoidance. These initiatives are crucial for strengthening the country’s fiscal position and ensuring adequate resources for public services and development projects.

The bill also includes provisions to support key sectors such as agriculture, manufacturing, and infrastructure through targeted tax incentives and investment promotion schemes. These measures are designed to stimulate economic activity, create jobs, and foster inclusive growth across the country.

Moreover, the Finance Bill 2024 prioritizes prudent debt management to ensure sustainable public finances and prevent debt distress. It includes safeguards to monitor and control public debt levels, mitigate fiscal risks, and enhance transparency and accountability in public financial management.

The successful passage of the Finance Bill 2024 is a significant achievement that underscores the government’s commitment to fiscal responsibility and good governance. It sets a strong foundation for economic recovery and growth, laying the groundwork for a more prosperous and resilient future for the country.

As the Finance Bill moves forward in the legislative process, stakeholders across various sectors will be closely monitoring its implementation and impact. It is essential for all parties involved to work together collaboratively to ensure the effective implementation of the bill’s provisions and the realization of its objectives.

In conclusion, the Finance Bill’s successful passage through its second reading is a positive development that bodes well for the country’s economic prospects. By addressing key fiscal challenges, promoting investment, and supporting growth-oriented policies, the bill sets the stage for a more prosperous and sustainable future for all Kenyans.